Logo Sioux Falls Fair Market Rent FY 2019 Sioux Falls, SD MSA Rental Data

Fair Market Rent Prices in Sioux Falls, SD :
$612 $715 $873 $1,153 $1,326
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Sioux Falls are high compared to the national average. This FMR area is more expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Sioux Falls is $873 per month.

The previous year, rent for a two-bedroom home was $781 per month. This is a 11.78% increase year-over-year.

This FMR rate applies to Davis, SD, Fairview, SD, Lyons, SD, Monroe, SD, Hudson, SD, Chancellor, SD, Hurley, SD, Canistota, SD, Renner, SD, Viborg, SD and other cities within the region. The Metro Code or CBSA code for this region is METRO43620M43620.

Additionally, This Fair Market Rent (FMR) area Sioux Falls, SD MSA spans four counties or cities in South Dakota which ares listed in the table below. Estimated population of Sioux Falls, SD MSA FMR area is 228,261 people based on 2010 Census data.

Compared to the rest of South Dakota, the Sioux Falls FMR area is more expensive than 95% of the state.

South Dakota Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Sioux Falls. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Sioux Falls

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $
1-BR 1-Bedroom $
2-BR 2-Bedroom $
3-BR 3-Bedroom $
4-BR 4-Bedroom $
Change Year:

The counties, cities, towns, and regions listed below fall into the Sioux Falls, SD MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Sioux City and Sioux Falls (Mitchell).

County / Region Est. Population
Lincoln County, SD Metro 44,828
McCook County, SD Metro 5,618
Minnehaha County, SD Metro 169,468
Turner County, SD Metro 8,347
Zip Codes in Sioux Falls, SD MSA

There are 37 unique zip codes in this Fair Market Rent (FMR) area:

57001, 57003, 57005, 57012, 57013, 57015, 57020, 57021, 57027, 57030, 57032, 57033, 57034, 57035, 57036, 57039, 57041, 57047, 57053, 57055, 57064, 57068, 57070, 57077, 57101, 57103, 57104, 57105, 57106, 57107, 57108, 57109, 57110, 57118, 57186, 57193 and 57197

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